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It’s a monthly thing
What’s the real price of an American Airlines award mile? The cheapest we’ve seen them is roughly 1.7 cents. That is a fantastic deal. This new “sale”, to start off the new year, isn’t terrible, but it’s not entirely a great deal. At 2.1 cents it provides a decent value proposition for those who are short on points, but if you don’t have an immediate use of the miles, I’d wait and see what comes around in the next few months.
The 50k bonus kicks in at 100k miles purchased – ringing in at 2.1 cents
When should you buy miles?
Here are 3 times when buying miles can make absolute sense
- Shoring up your account for a flight/flights
- Awards are available and you buy miles cheaper than you could purchase the ticket
- Using points for an upgrade, but lack the miles
When shouldn’t you buy miles
- You have no clear use of the miles and it’s a purely speculative purchase
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers
This is an amazing premium card offering a stand out welcome offer that could earn you 225k points! Our favorite perk is the oustanding 10x bonus points on gas and groceries for 6 months and up to $15k spend! It’s pumped full of perks and travel benefits we love.
♥ Earn 75k points welcome offer after spending $5000 in 6 months
♥10x on gas and groceries, up to $15k, for first 6 months of card membership
♥5x flights booked via Amex Travel and directly with airlines
♥Amazing annual credits: $200 Uber credits, $200 Airline incidental fees, and $100 Saks Fifth Avenue credit
♥Comped Hotel Status: Marriott Gold + Hilton Gold
♥Over 20 transfer partners to achieve aspirational flights and hotel redemptions